Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

“Retreat! Retreat!” Price action seems to suggest

The 10:00am melt-down was a sight to see.  Exactly at 10:00am, BOOM! Down it went!

With shell explosion everywhere, you have to retreat!

Sold all of the following for some gain, breakeven, and small losses:


Still holding AMRN plus my 25% long-term holdings

Current cash position = 70%

Will sit back and watch instead of trading to see where the market goes.  It is definitely too early to initiate any short position since this morning mini-meltdown is not enough to call into question the weekly bullish bar yet.

Good Hunting!

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  1. John Silb

    “Retrieve! Retrive!” would be a great headline if you had bought back your stocks. But, no, you just puked and are sitting on cash.

    What you meant was “Retreat! Retreat!” Fucking moron.

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    • zenhunter

      Hey, thanks for the correction on the wording; but is it really necessary for the name calling?

      If you read my post, then you will know I sold and sit in cash.

      Thanks for the correction but no thanks for the name calling.

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  2. zenhunter

    Sold AMRN for gain; albeit I gave back some today due to the bad ass bearish engulfment bar.

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